WHY CARBON TAX NEEDS TO BE RING-FENCED

This article, which provides an overview of the failed Plastic Bag Tax/Levy, expresses precisely why a ring-fence should be applied to the Carbon Tax. Unless this tax is properly set aside and accounted for, to finance real initiatives that will drive GHG reductions, the tax becomes a meaningless feed into the general Treasury Tax pot, wasted and will be a loss for the green energy initiative.

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